Yes Bank MCLR Rates, Yes Bank Base Rate – Jul 2017
Last Updated 27th Jul 2017
Yes Bank MCLR Rate – Current Rate, Past Trend
Current MCLR of Yes Bank ranges from 7.90% to 8.85% depending on the reset frequency of the loan. Rates are revised every month.
| Yes Bank MCLR, Base Rate | Tenure |
|---|---|
| 7.90% | Overnight |
| 8.10% | 1 Month |
| 8.45% | 3 Month |
| 8.55% | 6 Month |
| 8.85% | 1 Year |
| Base rate - 10.25% | Past Trend |
Yes Bank Interest Rates
| Home Loan Interest Rates | 9.35% * Floating | Detail |
| Personal Loan Interest Rates | 11.99% * | Detail |
| Fixed Deposit Interest Rates | 5.75% to 7.15% * | Detail |
Past Trend MCLR Rate of Yes Bank
Yes Bank MCLR Rate History
Revised
Date
Date
Overnight MCLR
1 Month MCLR
3 Month MCLR
6 Month MCLR
1 Year
MCLR
MCLR
2 Year
MCLR
MCLR
3 Year
MCLR
MCLR
5 Year
MCLR
MCLR
01st Jul 17
7.90%
8.10%
8.45%
8.55%
8.85%
-
-
-
01st Jun 17
7.95%
8.20%
8.55%
8.65%
8.90%
-
-
-
02nd May 17
7.95%
8.20%
8.45%
8.60%
8.80%
-
-
-
03rd Apr 17
7.95%
8.25%
8.40%
8.60%
8.80%
-
-
-
01st Mar 17
7.95%
8.30%
8.40%
8.60%
8.80%
-
-
-
01st Feb 17
8.15%
8.15%
8.30%
8.55%
8.85%
-
-
-
02nd Jan 17
8.15%
8.25%
8.40%
8.65%
8.95%
-
-
-
01st Dec 16
8.40%
8.40%
8.65%
8.85%
9.10%
-
-
-
01st Nov 16
8.50%
8.50%
8.80%
9.00%
9.25%
-
-
-
01st Oct 16
8.75%
8.80%
9.10%
9.20%
9.40%
-
-
-
01st Sep 16
8.75%
8.80%
9.10%
9.20%
9.45%
-
-
-
01st Aug 16
8.75%
8.80%
9.10%
9.20%
9.45%
-
-
-
01st Jun 16
8.90%
9.00%
9.25%
9.30%
9.50%
-
-
-
01st Apr 16
9.00%
9.10%
9.25%
9.40%
9.60%
-
-
-
Yes Bank MCLR Base Rate Vs. RBI
- RBI requires banks to set their own MCLR Rate based on their marginal cost of funds. So, Yes Bank decides its own MCLR Rate from time to time based on prescribed guidelines and formula of RBI
- Note that the RBI does not decide the MCLR Rate of any bank
- Effective 1st April 2016, the minimum base rate is determined based on marginal cost of funds and not on overall cost of funds. Yes Bank has different MCLR base rates ranging from 7.90% to 8.85% for different tenures
Changes in MCLR of Yes Bank
- MCLR rate can be revised by Yes Bank every month
- Note that it is not mandatory for Yes Bank to revise its rate every month and it may choose to retain the same rate for a longer period
Yes Bank home loan interest rate and MCLR
- Every floating rate loan sanctioned by Yes Bank is benchmarked to its MCLR Rate for a particular tenure, say 1 month or 3 month or 6 months
- Shorter duration loans (such as cash credit, OD facility, overnight loans) are linked to shorter duration MCLR rate while longer duration loans (such as home loan, loan against property, vehicle loan) are linked to longer duration MCLR rates
- The applicable rate of interest on a floating rate loan will consist of two parts - the applicable benchmark rate and the spread or margin above the benchmark
- Your loan from Yes Bank will be repriced periodically depending upon the tenure of the MCLR to which it is linked. So, a home loan linked to 1 year MCLR rate of Yes Bank will be repriced every year. Say, you take a loan at 1 year MCLR plus 50 bps spread when the 1 year MCLR is 9.60%. This loan will initially be priced at 10.1%. Its next re-pricing will be one year from now. If the 1 year MCLR rate after one year is 9.35%, the loan will be priced at 9.85% for the next year
Past trend of Yes Bank Base Rate vs RBI Repo Rate
| Date | RBI Rates | Bank Rates |
|---|---|---|
| 04th Oct 16 | 0.25% | |
| 05th Apr 16 | 0.25% | |
| 05th Oct 15 | 10.25% 0.25% | |
| 29th Sep 15 | 0.5% | |
| 22nd Jun 15 | 10.50% 0.25% | |
| 02nd Jun 15 | 0.25% | |
| 04th Mar 15 | 0.25% | |
| 15th Jan 15 | 0.25% | |
| 28th Jan 14 | 0.25% | |
| 29th Oct 13 | 0.25% | |
| 20th Sep 13 | 0.25% | |
| 01st Aug 13 | 10.75% 0.25% | |
| 03rd May 13 | 0.25% | |
| 19th Mar 13 | 0.25% | |
| 29th Jan 13 | 0.25% | |
| 17th Apr 12 | 0.5% | |
| 25th Oct 11 | 0.25% | |
| 25th Oct 11 | 10.50% 0.25% | |
| 16th Sep 11 | 0.25% | |
| 26th Jul 11 | 0.5% | |
| 16th Jul 11 | 10.25% 0.5% | |
| 21st Jun 11 | 9.75% 0.25% | |
| 16th Jun 11 | 0.25% | |
| 04th May 11 | 9.50% 0.5% | |
| 03rd May 11 | 0.5% | |
| 02nd Apr 11 | 9.00% 0.5% | |
| 17th Mar 11 | 0.25% | |
| 25th Jan 11 | 0.25% | |
| 25th Jan 11 | 8.50% 0.5% | |
| 13th Dec 10 | 8.00% 1% | |
| 02nd Nov 10 | 0.25% | |
| 16th Sep 10 | 0.25% | |
| 27th Jul 10 | 0.25% | |
| 02nd Jul 10 | 0.25% | |
| 01st Jul 10 | 7.00% |
Yes Bank Base Rate Vs. RBI Repo Rate Trend
About Yes Bank
- Yes Bank is a Private Bank in India with 632 branches, 1,194 ATM's and 9,275 employees across the country.
- Yes Bank's registered office is located at Nehru Centre, 9th Floor, Discovery of India, Mumbai Maharashtra 400018.
- For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 3,488 crs. and Standalone net profit of Rs. 2,005 crs. Yes Bank reported total deposits of Rs. 91,176 crs and total advances of Rs. 75,550 crs.
- Yes Bank's management is led by its CEO Mr. Rana Kapoor.
- Its current Base Rate is 10.25%, which was last revised on 05th Oct 15.
